Bank Australia Basic Home Loan – loan
Home loans up to $2 000 000
Loan amount
$30,000 – $2,000,000
Interest from
2.55%
Term
1 – 30 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Home loans up to $2 000 000
- Term 1 - 30 years
Bank Australia is a customer-owned bank (mutual, not shareholder-owned) with a strong ethical and environmental focus, including a long-running conservation reserve funded partly by its lending activities. It operates mainly online and through a small number of branches.
The Bank Australia Basic Home Loan is a no-frills variable or fixed home loan aimed at owner-occupiers and investors who want competitive pricing without extra bundled features, backed by the bank's customer-owned, ethically-screened lending approach.
✓ Pros
- Customer-owned bank with ethical lending screens
- Competitively priced "basic" structure with fewer bundled fees
- Online application and digital servicing
- Pre-approval available before house hunting
✗ Cons
- Fewer physical branches than a major bank
- Basic loans may lack some features (e.g. offset) available on packaged loans elsewhere
- Deposit and Lenders Mortgage Insurance rules apply as with any lender
How to apply
- Learn how much you could borrow
- Receive indicative approval in under 15 minutes
- A home loan expert will call you once you have submitted your application to talk through next steps
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident (some lenders accept eligible visa holders)
- ✓ Deposit or equity, commonly 5–20% of the property value
- ✓ Stable employment history and serviceable income
- ✓ Satisfactory credit history and lender valuation of the security property
Frequently asked questions
24 hours
The minimum loan amount at Bank Australia Basic Home Loan is $30,000.
About Bank Australia Limited
| Company | Bank Australia Limited |
|---|---|
| Address | Bank Australia, 222 High St, Kew VIC 3101 |
| Website | https://www.bankaust.com.au |